Keikyu Main Line Home market overview

The average price of a sq.m Home of Keikyu Main Line (Keikyuukawasaki to Uraga), in Jan, 2015 to Mar, 2015 was 330,167 JPY/sq.m. The market value represents a decrease of 30,512 JPY (-8.5%) compared to 1 year ago and a transition to a bear market. 131 properties exchanged hands ( The market value represents an increase of 19 (+17.0%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 11.6 years old (a -17.9% decrease compared to the 14.1 years old of last year.). The average size of the real estate was 161.4 sq.m (a +4.4% increase compared to the 154.6 sq.m of last year.). The average total floor space of the real estate was 149.0 sq.m (a -4.7% decrease compared to the 156.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving relatively large size more than 100 sq.m, as well as a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

9 stations have experienced increased prices; 14 stations have experienced decreased prices. Market value of most stations decreased. Hacchounawate, Keikyuutsurumi, Gumyoji, Kanazawabunnko, Kanazawahakkei, Oppama, Hemi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Oppama station, where prices have increased +92.8% compared to last year; a sq.m unit now costs 393,274 JPY/sq.m.

The top 2 stations has seen prices increase +90.6% (+216,854 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -72.3% (-615,579 JPY/sq.m).

Cause of price increases

An decrease in average age of the building (representing 14.1 years old in 2014 and 11.6 years old in 2015; -17.9%)

An increase in transactions involving nearly new buildings under 3 years old (representing 46.8% of total transactions in 2014 and 52.5% of total transactions in 2015)

A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.0% of total transactions in 2014 and 11.5% of total transactions in 2015)

Causes of price decreases

A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 3.6% of total transactions in 2014 and 0.8% of total transactions in 2015)

An decrease in transactions involving recently constructed buildings under 6 years old (representing 1.8% of total transactions in 2014 and 1.6% of total transactions in 2015)

Breakdown of each segment

The table below shows Home dealt in Keikyu Main Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Home stations market overview

The average price of a sq.m Home of Keikyuutsurumi, the highest market value along this railway was 520,906 JPY/sq.m. The market value represents an increase of 244,390 JPY (+88.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 7 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Shioiri, the lowest market value along this railway was 67,778 JPY/sq.m. The market value represents a decrease of 167,260 JPY (-71.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

*Average unit prices per sq.m of Home at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

Noteworthy stations

The average price of a sq.m Home of Oppama was 393,274 JPY/sq.m. The market value represents an increase of 189,319 JPY (+92.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 6 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.3 years old (a -98.7% decrease compared to the 24.9 years old of last year.). The average size of the real estate was 146.7 sq.m (a -20.2% decrease compared to the 183.9 sq.m of last year.). The average total floor space of the real estate was 135.0 sq.m (a -9.7% decrease compared to the 149.4 sq.m of last year.).

Cause of price increases

A dramatic decrease in average age of the building (representing 24.9 years old in 2014 and 0.3 years old in 2015; -98.7%)

An decrease in average distance from the station (representing 11.6 min in 2014 and 9.3 min in 2015; -19.2%)

A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 11.1% of total transactions in 2014 and 100.0% of total transactions in 2015)

The average price of a sq.m Home of Keikyuutsurumi was 520,906 JPY/sq.m. The market value represents an increase of 244,390 JPY (+88.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 7 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.5 years old (a -95.7% decrease compared to the 11.6 years old of last year.). The average size of the real estate was 80.0 sq.m (a -20.4% decrease compared to the 100.6 sq.m of last year.). The average total floor space of the real estate was 227.5 sq.m (a -5.4% decrease compared to the 240.6 sq.m of last year.).

Cause of price increases

A dramatic decrease in average age of the building (representing 11.6 years old in 2014 and 0.5 years old in 2015; -95.7%)

A dramatic decrease in average distance from the station (representing 15.8 min in 2014 and 12.5 min in 2015; -20.8%)

A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 50.0% of total transactions in 2014 and 100.0% of total transactions in 2015)

The average price of a sq.m Home of Yokohama was 368,402 JPY/sq.m. The market value represents a decrease of 1,002,900 JPY (-73.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 4 (+133.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.7 years old (a -21.2% decrease compared to the 17.3 years old of last year.). The average size of the real estate was 247.9 sq.m (a +47.2% increase compared to the 168.3 sq.m of last year.). The average total floor space of the real estate was 470.8 sq.m (a +35.8% increase compared to the 346.7 sq.m of last year.).

Cause of price increases

A dramatic decrease in average age of the building (representing 17.3 years old in 2014 and 13.7 years old in 2015; -21.2%)

A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2014 and 33.3% of total transactions in 2015)

Causes of price decreases

A dramatic increase in average distance from the station (representing 11.3 min in 2014 and 16.1 min in 2015; +42.4%)

The average price of a sq.m Home of Keikyuutaura was 90,909 JPY/sq.m. The market value represents a decrease of 228,258 JPY (-71.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 185.0 sq.m (a +20.7% increase compared to the 153.3 sq.m of last year.). The average total floor space of the real estate was 55.0 sq.m (a -37.7% decrease compared to the 88.3 sq.m of last year.).

Cause of price increases

An decrease in average distance from the station (representing 12.3 min in 2014 and 10.0 min in 2015; -18.9%)

Breakdown of each segment

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)